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Assistant vice president vs managing director

The differences between assistant vice presidents and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an assistant vice president, becoming a managing director takes usually requires 4-6 years. Additionally, a managing director has an average salary of $129,690, which is higher than the $125,190 average annual salary of an assistant vice president.

The top three skills for an assistant vice president include AVP, risk management and project management. The most important skills for a managing director are healthcare, portfolio, and business development.

Assistant vice president vs managing director overview

Assistant Vice PresidentManaging Director
Yearly salary$125,190$129,690
Hourly rate$60.19$62.35
Growth rate6%6%
Number of jobs41,22281,022
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 68%
Average age5244
Years of experience-6

What does an assistant vice president do?

An assistant vice president is responsible for supporting the company's strategies and procedures for growth and development, working alongside the board executives. Assistant vice presidents should ensure that all the company's policies and legal procedures comply with all employees. They also supervise every operations department's head to ensure the smooth flow of business processes, providing additional assistance and resources as needed. Assistant vice presidents also monitor the company's expenses and sales goals to improve the business' performance and profitability.

What does a managing director do?

A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.

Assistant vice president vs managing director salary

Assistant vice presidents and managing directors have different pay scales, as shown below.

Assistant Vice PresidentManaging Director
Average salary$125,190$129,690
Salary rangeBetween $96,000 And $163,000Between $72,000 And $233,000
Highest paying CityWashington, DCNew York, NY
Highest paying stateRhode IslandNew York
Best paying companyMetLifePaul, Weiss, Rifkind, Wharton & Garrison
Best paying industryFinanceFinance

Differences between assistant vice president and managing director education

There are a few differences between an assistant vice president and a managing director in terms of educational background:

Assistant Vice PresidentManaging Director
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Assistant vice president vs managing director demographics

Here are the differences between assistant vice presidents' and managing directors' demographics:

Assistant Vice PresidentManaging Director
Average age5244
Gender ratioMale, 59.8% Female, 40.2%Male, 73.5% Female, 26.5%
Race ratioBlack or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.6% White, 76.3% American Indian and Alaska Native, 0.6%Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5%
LGBT Percentage12%10%

Differences between assistant vice president and managing director duties and responsibilities

Assistant vice president example responsibilities.

  • Implement budget report which allow unit to achieve expense objective of $25MM/397 FTE target.
  • Manage and update controls and procedures as needed to maintain SOX compliance and manage quarterly testing for the department.
  • Manage the BSA portion of all regulatory examinations with outside auditors and regulators.
  • Manage daily ACH transfers and wire transactions including verifying all investor distributions are process.
  • Manage Citi's capital planning and funding process and develop recommendations for capital utilization.
  • Prepare presentations, contracts, manage logistics, provide quality control and safety requirements.
  • Show more

Managing director example responsibilities.

  • Create and manage the social media presence via a festival page on Facebook.
  • Manage all consulting resources and have overall P/L responsibilities for the Atlanta office.
  • Manage the lessee and lessor relationships regarding exchange seat leases with major markets, such as NYSE, AMEX, CBOE.
  • Manage denials and expedite managed care appeals (reimbursement reconsideration).
  • Manage payroll processing for thousands of industrial temporary workers and bill respective clients.
  • Manage the Ketera SaaS relationship for IBM with engagement development and profitability responsibilities.
  • Show more

Assistant vice president vs managing director skills

Common assistant vice president skills
  • AVP, 9%
  • Risk Management, 6%
  • Project Management, 5%
  • Oversight, 5%
  • Rehabilitation, 5%
  • PowerPoint, 4%
Common managing director skills
  • Healthcare, 7%
  • Portfolio, 7%
  • Business Development, 6%
  • Oversight, 6%
  • Project Management, 5%
  • Customer Service, 5%

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